Residential Block generating 8.2% yield

  • £975,000
Nottingham UK
Sold

Residential Block generating 8.2% yield

Nottingham UK
  • £975,000

Overview

  • Buy To Let
  • Property Type

Description

Description
1st, 2nd, 3rd Floors – Residential Apartments in Nottingham.

Accommodation
This property consists of 3 Floors above the basement and ground levels. To the Basement there is a Commercial unit currently utilised as a Cocktail bar and restaurant, while the Ground floor is currently utilised as a restaurant/takeaway. To the 1st, 2nd and 3rd floor; each floor accommodates 6 Bedrooms and 2 bath/shower rooms a kitchen and communal area these are currently let to student however would be perfect for conversion to luxury apartments or air b’n’b rooms.  The property is accessed through a ground floor door, located on Broad Street that leads to the first-floor landing with entrance to the First-floor bedrooms, and further stairs to the seconds and third floors. The 18 bedrooms are split over the 3 floors each comprising of 6 self-contained rooms, a good-sized communal lounge area. fitted kitchen and two bath/shower rooms. per floor. The property needs some modernisation and internal decoration throughout. Equally the property would be an ideal development project to turn in to high quality apartments.

Location
The property is in an ideal location in the centre of Nottingham town centre, within close proximity to all local amenities and popular local events locations. With excellent transport links with close access to M1.

Income
We have been informed by the vendor that that current property is achieving an income of £80,000pa

  • City Nottingham
  • State/county Nottinghamshire
  • Country United Kingdom

Details

Updated on August 12, 2021 at 3:24 pm
  • Price: £975,000
  • Property Type: Buy To Let
  • Property Status: Sold

Mortgage Calculator

Monthly
  • Principal & Interest
£
£
%

What's Nearby?

Arts & Entertainment
The Broadway Cafe Bar (0.01 mi)
Good 13 reviews
Broadway Cinema (0 mi)
Exceptional 4 reviews
Ice Nine (0.05 mi)
Exceptional 16 reviews
Education
Castle College (0.06 mi)
Fair 1 reviews
Nottingham College Maid Marian Way (0.4 mi)
Exceptional 1 reviews
Master Coaching Centre (0.46 mi)
Exceptional 1 reviews
Health & Medical
123eyes (0.1 mi)
Exceptional 1 reviews
Victoria Health Centre (0.18 mi)
Average 2 reviews
Arcadia Physiotherapy (0.19 mi)
Exceptional 1 reviews
Transportation
Nottingham City Transport (0.1 mi)
Average 3 reviews
Uks Limos (0.19 mi)
Exceptional 2 reviews
Trent Cars (0.28 mi)
Fair 3 reviews

Contact Information

View Listings
Lewis Gardiner
  • Lewis Gardiner

Enquire About This Property

  • This field is for validation purposes and should be left unchanged.

Similar Listings

Compare listings

Compare
Lewis Gardiner
  • Lewis Gardiner